STRONG
How competitive are their spreads? Lower = better for you.
GOOD
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
131
2010–2025
Total Volume
$78M
Gross loan amounts
States Active
3
With recorded loans
Programs
7(a) & 504
131 total segments
Macatawa Bank Corporation stands out as a significant player in the 504 loan space, with 70% of its SBA deals being 504 loans, compared to the national average of just 18%. This makes them a strong option for businesses looking for real estate financing.
With an average 7(a) spread of P+2.27%, Macatawa Bank offers competitive pricing compared to the national median of P+2.75%. This could lead to substantial savings for borrowers seeking 7(a) loans.
The majority of Macatawa's deals (88%) are focused on existing businesses, indicating they are well-suited for established companies looking to expand rather than startups. If you're a new business, you may find limited options here.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 92 504 loans, which use fixed SBA debenture rates.
States where MACATAWA BANK CORPORATION has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Manufacturing
Manufacturing
Restaurants & Food Service
Accommodation & Food Services
Hotels & Accommodation
Accommodation & Food Services
Real Estate
Real Estate
Specialty Trade Contractors
Construction
Auto Dealers & Parts
Retail Trade
Auto Repair & Maintenance
Other Services
Administrative & Waste Services
Administrative & Waste Services
+ 7 more
All recorded SBA lending activity for MACATAWA BANK CORPORATION, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Michigan · Manufacturing · $350K – $500K | 504 | 9 | — | $412K | Q4 2023 |
| Michigan · Manufacturing · $500K – $1M | 504 | 9 | — | $801K | Q4 2020 |
| Michigan · Restaurants & Food Service · $150K – $350K | 7(a) | 6 | P+2.77% | $274K | Q2 2019 |
| Michigan · Manufacturing · $150K – $350K | 504 | 5 | — | $236K | Q2 2017 |
| Michigan · Real Estate · $150K – $350K | 504 | 4 | — | $299K | Q3 2012 |
| Michigan · Manufacturing · $1M – $2M | 504 | 4 | — | $1.5M | Q1 2022 |
| Michigan · Manufacturing · Under $150K | 504 | 3 | — | $95K | Q1 2014 |
| Michigan · Auto Repair & Maintenance · $350K – $500K | 504 | 3 | — | $463K | Q2 2021 |
| Michigan · Hotels & Accommodation · $2M – $5M | 504 | 3 | — | $3.2M | Q1 2017 |
| Michigan · Manufacturing · $500K – $1M | 7(a) | 3 | P+1.75% | $733K | Q3 2017 |
| Michigan · Auto Dealers & Parts · $500K – $1M | 504 | 3 | — | $686K | Q3 2020 |
| Michigan · Restaurants & Food Service · Under $150K | 7(a) | 3 | P+3.50% | $105K | Q4 2012 |
| Michigan · Real Estate · Under $150K | 504 | 3 | — | $134K | Q4 2021 |
| Michigan · Restaurants & Food Service · $150K – $350K | 504 | 2 | — | $256K | Q1 2024 |
| Michigan · Specialty Trade Contractors · $1M – $2M | 504 | 2 | — | $1.4M | Q4 2018 |
| Michigan · Hotels & Accommodation · $150K – $350K | 504 | 2 | — | $174K | Q1 2021 |
| Michigan · Physician & Dental Offices · $350K – $500K | 504 | 2 | — | $406K | Q1 2013 |
| Michigan · Real Estate · $1M – $2M | 504 | 2 | — | $1.2M | Q3 2014 |
| Michigan · Specialty Trade Contractors · $150K – $350K | 504 | 2 | — | $191K | Q1 2019 |
| Michigan · Manufacturing · $150K – $350K | 7(a) | 2 | P+2.13% | $232K | Q4 2012 |
| Michigan · Specialty Trade Contractors · $500K – $1M | 504 | 2 | — | $632K | Q1 2020 |
| Michigan · Manufacturing · $350K – $500K | 7(a) | 2 | P+1.75% | $450K | Q1 2016 |
| Michigan · Hotels & Accommodation · $500K – $1M | 504 | 2 | — | $582K | Q1 2022 |
| Michigan · Arts, Entertainment & Recreation · $500K – $1M | 504 | 2 | — | $764K | Q1 2012 |
| Michigan · Agriculture & Forestry · $1M – $2M | 504 | 1 | — | $1.9M | Q1 2023 |
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Real experiences from borrowers who closed SBA loans with MACATAWA BANK CORPORATION.
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